Plan Ledger DOL Form 5500 · updated monthly

Metrokids Cradle Brooklyn, Inc.401(k)

METROKIDS CRADLE 401(K) PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.15%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Metrokids Cradle Brooklyn, Inc. reported $5,100 in plan administrative expenses for 2022: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $830 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.15% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (4,859th of 5,648), and 2,629th of 3,341 in other services. In 2022, employees put in $3.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,187,326
Participants with balances170
Active participants172
Employer contributions$142,734
Employee contributions$524,249
Employer contribution per active participant$830
Average account balance$18,749
Benefits paid to participants$401,472
Plan auditUnmodified (clean) audit opinion
AuditorYU YAO XU CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 103 accts · $59K emplr
2023$2.4M · 132 accts · $73K emplr
2022$3.2M · 170 accts · $143K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,100
Total administrative$5,100
The Metrokids Cradle Brooklyn, Inc. 401(k) match · 2022
Employer contribution per active participant$830
Median for plans this size$1,114
2024$1,065 per active participant
2023$592 per active participant
2022$830 per active participant

Metrokids Cradle Brooklyn, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$5,975 · 0.23%
2023$16,075 · 0.57%
2022$5,100 · 0.15%
Similar plansOther Services · New York
Paramount Beauty NY$3.6M · 0.02%
Life Benefit Plan NY$3.3M · 2.47%
Glaad NY$3.1M · 0.03%
Autism Services, Inc. NY$3.1M · 0.83%
Revel Transit, Inc. NY$3.0M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824046080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.